Welcome to the third instalment of our 2018 Guernsey Quarterly Trust Update.
In this edition we take a look at the recent English High Court decision in Lewis v Tamplin  EWHC 777 (Ch) on beneficiary rights to request information from trustees and provide a re-fresher on what those rights are in Guernsey.
We also provide a summary of the latest UK legislative changes which are likely to have an impact on Guernsey trust structures. The first of these looks at the UK draft legislation requiring the registration of overseas entities owning UK property which was laid before Parliament on 23 July 2018. The second summary relates to the EU’s Fifth Anti-Money Laundering Directive which brings in changes to the UK Trusts Register (and other EU trusts registers), which the UK Government has indicated it will be adopting whether a Brexit deal is agreed or not.
In Collas Crill news, we are delighted to be able to introduce the newest member to our growing non-contentious trusts team. Cerisse Fisher joins us as a Senior Associate and will be assisting with all aspects of Guernsey trust law. Cerisse has co-authored an article for this edition of the QTU on the subject of Guernsey trusts and foreign divorce orders, which is an area we are increasingly receiving enquiries on.
Finally, awards season has proved fruitful for the team with Angela Calnan, Ben Havard, Gregory Haddow and Christian Hay all receiving individual recognition, alongside the firm being shortlisted in two categories as part of the 2018/19 STEP Private Client Awards and three categories for the City Wealth IFC Awards.
We hope you enjoy this installment!
The Guernsey Trust Team